Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

Including one that prevents a unit from being rented for less than 6 days. 

Next steps are to put down a roll of plastic to prevent moisture or wet floors. 

Now, I’m diving into the niche of land investing.When I was pursuing the BRRRR strategy, one of the aspects that made scaling seem feasible was the availability of hard or private money lenders.

How much money is paid to GP’s for work done?

I started with no money 30 months ago with a 4 unit deal.

For the inside paint we add a Mold preventer to the paint. 

If there is anything untoward, I have a right of rescission and I give the money back.

What specifically did you expect them to do to prevent them?

Meanwhile, bank money market paying 7.5%.